News
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RPT-ROI-Critical minerals, decarbonisation and government de-risking dominate mining wish list: Russell
By Clyde Russell SYDNEY, Oct 23 (Reuters) - Critical minerals, and especially rare earths, as well as the ongoing need to decarbonise and a bigger role for governments are the three top areas of concern for the global mining industry.Those are the key takeaways from this week's IMARC event in...Reuters
Thu, Oct 23
RPT-BREAKINGVIEWS-China strikes at West's softest rare-earths spot
By Robyn Mak HONG KONG, Oct 23 (Reuters Breakingviews) - The world may be underestimating the difficulty of loosening China's stranglehold on critical minerals. Mining stocks in Australia surged this week following a landmark deal between Prime Minister Anthony Albanese and U.S. President Don...Reuters
Thu, Oct 23
Railroad operator Union Pacific's quarterly profit rises
Oct 23 (Reuters) - Union Pacific UNP.N reported a 9% rise in third-quarter profit on Thursday, powered by strong pricing.The West Coast railroad operator's quarterly profit rose to $3.01 per share from $2.75 per share a year earlier.Reuters
Thu, Oct 23
Spot crude premiums jump as US sanctions on Russian producers drive China, India demand
Mideast benchmark Dubai premium more than doubled to 3-week highSimilar jumps seen in Oman, Murban premiumsChina, India to buy more oil from Iraq, West Africa, BrazilBy Siyi Liu and Florence Tan SINGAPORE, Oct 23 (Reuters) - Spot premiums in crude markets jumped on Thursday on expectations that U...Reuters
Thu, Oct 23
PRECIOUS-Gold gains as geopolitical risks, trade tensions burnish appeal
US mulls new controls on tech exports to ChinaUS inflation data due on FridaySilver up more than 1.5%By Ishaan Arora and Anmol Choubey Oct 23 (Reuters) - Gold prices rose on Thursday, as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, buoying d...Reuters
Thu, Oct 23
Ukraine says it hit Russia's Ryazan oil refinery overnight
KYIV, Oct 23 (Reuters) - Kyiv's forces struck Russia's Ryazan oil refinery overnight, Ukraine's general staff said on Thursday. The attack caused a massive fire at the plant critical for Russian military supplies, it said on Telegram. Ukrainian drones also hit an ammunition depot in Belg...Reuters
Thu, Oct 23
Plug Power Partners with Edgewood Renewables to Build Best in Class Renewable Fuels Facility in Nevada
Oct 23 (Reuters) - Plug Power Inc PLUG.O:PLUG POWER INC - ANNOUNCES PARTNERSHIP WITH EDGEWOOD RENEWABLESPLUG POWER - PARTNERSHIP TO SUPPORT DEVELOPMENT OF RENEWABLE FUEL FACILITY IN NEVADAReuters
Thu, Oct 23
Silver Price Forecast: XAG/USD attracts bids near $48 on renewed Sino-US trade tensions
Silver price (XAG/USD) rebounds to near $49.20 during the European trading session on Thursday after attracting bids near $48.00. The white metal gains on renewed trade tensions between the United States (US) and China.Fxstreet
Thu, Oct 23
Garrett Motion beats Q3 sales estimates, raises full-year earnings outlook
OverviewGarrett Motion Q3 net sales rise 9% to $902 mln, beating analysts' expectationsAdjusted EBITDA for Q3 beats estimatesCompany raises 2025 outlook, citing favorable industry conditions and YTD performanceOutlookGarrett raises 2025 net sales outlook to $3.5 bln-$3.6 blnCompany expects 2025 ...Reuters
Thu, Oct 23
RPT-COLUMN-Europe's offshore wind sector faces dilemma over China's grip on sector: Bousso
Chinese firm dominate wind supply chain from turbines to magnetsEurope weighs allowing Chinese firms access to infrastructureBritain to decide on future of Ming Yang's Scotland plantBy Ron Bousso LONDON, Oct 23 (Reuters) - European governments seeking to expand offshore wind power are increas...Reuters
Thu, Oct 23
German foreign minister to press China on semiconductors on Beijing trip
First minister from current government to visitWadephul will stress need for stable trade tiesChina's influence on Russia will also be on agendaBy Andreas Rinke BERLIN, Oct 23 (Reuters) - German Foreign Minister Johann Wadephul will urge China to relax export restrictions on rare earths and s...Reuters
Thu, Oct 23
Russia's Rosatom says deteriorating U.S. relations could affect cooperation on uranium supplies, Ifax reports
MOSCOW, Oct 23 (Reuters) - Alexei Likhachev, CEO of Russian nuclear state corporation Rosatom, said on Thursday that any deterioration in relations between Russia and the United States 'could potentially affect' cooperation between the two countries on uranium supplies, Interfax news agency ...Reuters
Thu, Oct 23
Russia says EU's ban on Russian LNG is self-destructive
MOSCOW, Oct 23 (Reuters) - Russia said on Thursday that a European Union plans to ban on Russian liquefied natural gas imports were completely self destructive given the lack of gas reserves in Europe and the growing consumption of energy from Artificial Intelligence.Russian Foreign Ministry spokesw...Reuters
Thu, Oct 23
Valero Energy posts rise in third-quarter profit
Oct 23 (Reuters) - U.S. refiner Valero Energy VLO.N reported a rise in third-quarter profit on Thursday, helped by a rebound in refining margins.The company, which kicked off the earnings season for U.S. refiners, said its net income was $1.1 billion, or $3.53 per share, for the three months ended S...Reuters
Thu, Oct 23
Replacing LNG supplies from Russia's Sakhalin-2 would be costly, Japan says
By Ritsuko Shimizu TOKYO, Oct 23 (Reuters) - Liquefied natural gas supplies from Russia's Sakhalin-2 project play an "extremely important role" in Japan's energy security and replacing them would be costly and cause higher electricity prices, Japan's industry minister said on ...Reuters
Thu, Oct 23
ROI-Trump’s Russian oil sanctions gambit will test his tolerance for pain: Bousso
US imposes sanctions on Rosneft, LukoilIndia, Turkey will likely cut purchases of Russian oilUnclear if China will adhere to the sanctionsBy Ron Bousso LONDON, Oct 23 (Reuters) - U.S. President Donald Trump imposed sanctions on Russia's two largest oil companies, marking a significant escalat...Reuters
Thu, Oct 23
Trump’s Policy Reversal on Russia: Sanctions on 2 Major Oil Firms Propel Crude Over 5%
TradingKey - On Wednesday, Eastern Time, the Trump administration announced new sanctions on Russia's two largest oil companies, aiming to pressure Russia into peace negotiations regarding Ukraine. This marks the first instance of direct economic pressure by the Trump administration on Russia concer
TradingKey
Thu, Oct 23
